Patriot Provides Update on the Summer Drill and Surface Programs at the Corvette Property, Quebec

VANCOUVER, British Columbia, June 29, 2022 (GLOBE NEWSWIRE) --

Highlights

• The summer/fall phase of the 2022 drill campaign is well underway with two (2) drill rigs currently operating on site at the CV5-1 pegmatite corridor, with nine (9) holes over approximately 3,110 metres completed to date, and a third rig scheduled to arrive in July
• Spodumene pegmatite has been encountered – over varying widths – in each drill hole completed as part of the summer/fall program
  • The main pegmatite body has now been traced through drilling for an additional 300 m along strike from the CV5 Pegmatite outcrop towards the CV6 Pegmatite outcrop – for a combined total strike length of approximately 1.7 km – remaining open in all directions
• Core samples for the first five (5) drill holes have been shipped to the analytical lab, with results expected in August
• Summary drill hole location, pegmatite intercept, and grade-width tables for the 2022 winter drill program have been posted to the Company’s website
• Surface work has resulted in the discovery of several new spodumene-bearing pegmatite outcrops situated southwest of the CV5 Pegmatite outcrop, as well as along strike of the CV3 Pegmatite outcrop
  • The new discoveries suggest another subparallel trending spodumene pegmatite may be situated proximal to the south of the main pegmatite body currently being drill tested
• Management and Board completed a site visit mid-June, visiting the drill area (CV5 and CV1 pegmatites) and regional pegmatite targets

Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: PMETF) (FSE: R9GA) is pleased to provide this first update on the summer/fall phase of its 2022 drill campaign at its wholly owned Corvette Property (the “Property”), located in the James Bay Region of Quebec. The target drill area – at the CV Lithium Trend – is located approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure.

Blair Way, Company President, CEO and Director, comments: “The summer drill program is going exceptionally well, and we could not be more pleased with the pegmatite intercepts we are seeing downhole. We won’t be providing tables of the preliminary pegmatite intercepts moving forward, to avoid confusion, so we will focus on providing the lithium assay results when they are received. The field crews are doing a great job and are having early and significant success in identifying new spodumene-pegmatite occurrences, as well as extending existing occurrences, thereby enabling us to prioritize the next steps in exploration.”